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The effect of FORTIFIED home designation on property value

Due to the serious impact wind damage has on homes in the Gulf Coast region, policy makers, community developers, and homeowners are seeking ways to lessen impacts. One potential tool to increase properties’ resiliency in the event of a periodic and catastrophic event is wind mitigation, the process of adding features to a building, i.e. a house, to increase the strength of the structure amid a storm such as a hurricane. In this research, I evaluate the tiers of FORTIFIED homes as the mitigation strategies. I use Zillow ZTRAX and Institute of Business and Home Safety data to estimate how each level of FORTIFIED home designation affects property value. The results show FORTIFIED Gold designation on a new home has a 0%-8.4% increase on property value. I place my finding into a BCA of FORTIFIED designation to evaluate how this one benefit fits into the greater picture.

Identiferoai:union.ndltd.org:MSSTATE/oai:scholarsjunction.msstate.edu:td-5347
Date07 August 2020
CreatorsGould, Leslie
PublisherScholars Junction
Source SetsMississippi State University
Detected LanguageEnglish
Typetext
Formatapplication/pdf
SourceTheses and Dissertations

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